FINANCE DIVISION

The Finance Division is responsible for ensuring that all of LADA’s financial dealings comply with Financial Procedures Act.

DIVISION FUNCTIONS

  • Creating and managing Development Funds, Trust Funds, Investment Funds and Reserve Funds.
  • Managing funds allocated by the Federal and State government :
    • Controlling any funds paid to the Board from loans granted.
    • Managing any profits from the course of projects or enterprises undertaken by the Board.
    • Controlling any loans borrowed by LADA for the purpose of meeting financial obligations made by the Board.
    • Preparing Quarterly Financial Performance Reports to the Treasury for projects undertaken by the Board for the Malaysia Plan (Rancangan Malaysia).
  • Managing business expenses and payments, including :
    • Loans to certain parties designated by the Fund
    • Expenses incurred by the Board, such as consultant fees, legal fees, pensions and allowances, etc.
    • Expenses incurred by the Board in its performance of functions.
    • Land purchase costs for the erection of buildings or infrastructure.
    • Loan payments, including principal and interest due
DISCLAIMER
The Government of Malaysia and the Langkawi Development Authority is not responsible for any loss or damage caused by the usage of any information obtained from this website. QR Cde
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  • LAST UPDATED:
    Wednesday, 19 December 2018